Grantham Mayo Van Otterloo & Co. LLC boosted its stake in shares of TE Connectivity Ltd. (NYSE:TEL – Free Report) by 49.5% in the third quarter, according to its most recent disclosure with the SEC. The firm owned 68,123 shares of the electronics maker’s stock after acquiring an additional 22,553 shares during the period. Grantham Mayo Van Otterloo & Co. LLC’s holdings in TE Connectivity were worth $14,955,000 at the end of the most recent quarter.
Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Ameriflex Group Inc. grew its position in shares of TE Connectivity by 325.9% in the third quarter. Ameriflex Group Inc. now owns 230 shares of the electronics maker’s stock valued at $51,000 after purchasing an additional 176 shares during the period. HUB Investment Partners LLC acquired a new position in shares of TE Connectivity during the 3rd quarter worth about $330,000. Sunpointe LLC purchased a new position in TE Connectivity in the 3rd quarter valued at about $393,000. Integrity Advisory Solutions LLC purchased a new position in TE Connectivity in the 3rd quarter valued at about $292,000. Finally, Crossmark Global Holdings Inc. boosted its holdings in TE Connectivity by 1.3% in the 3rd quarter. Crossmark Global Holdings Inc. now owns 82,691 shares of the electronics maker’s stock worth $18,153,000 after buying an additional 1,027 shares during the last quarter. 91.43% of the stock is owned by hedge funds and other institutional investors.
TE Connectivity Stock Down 2.2%
TEL stock opened at $205.99 on Monday. The firm has a market cap of $60.44 billion, a PE ratio of 29.72, a PEG ratio of 1.57 and a beta of 1.23. The company has a debt-to-equity ratio of 0.37, a quick ratio of 1.07 and a current ratio of 1.65. The firm’s 50 day moving average price is $228.29 and its 200-day moving average price is $226.03. TE Connectivity Ltd. has a one year low of $116.30 and a one year high of $250.67.
TE Connectivity Announces Dividend
The firm also recently declared a quarterly dividend, which will be paid on Friday, March 13th. Stockholders of record on Friday, February 20th will be issued a dividend of $0.71 per share. The ex-dividend date is Friday, February 20th. This represents a $2.84 dividend on an annualized basis and a dividend yield of 1.4%. TE Connectivity’s dividend payout ratio is currently 40.98%.
Insider Transactions at TE Connectivity
In related news, EVP John S. Jenkins sold 6,155 shares of the firm’s stock in a transaction dated Monday, February 9th. The stock was sold at an average price of $222.81, for a total transaction of $1,371,395.55. Following the completion of the sale, the executive vice president directly owned 21,810 shares of the company’s stock, valued at approximately $4,859,486.10. This trade represents a 22.01% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Shadrak W. Kroeger sold 9,400 shares of the business’s stock in a transaction dated Friday, February 13th. The shares were sold at an average price of $233.82, for a total transaction of $2,197,908.00. Following the completion of the sale, the insider owned 32,541 shares in the company, valued at approximately $7,608,736.62. This trade represents a 22.41% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last ninety days, insiders sold 32,945 shares of company stock worth $7,528,616. 0.60% of the stock is currently owned by company insiders.
Analyst Ratings Changes
TEL has been the subject of a number of research analyst reports. Weiss Ratings raised TE Connectivity from a “hold (c+)” rating to a “buy (b)” rating in a report on Friday, February 6th. Wells Fargo & Company lifted their price target on TE Connectivity from $245.00 to $249.00 and gave the stock an “equal weight” rating in a research note on Thursday, January 22nd. UBS Group boosted their price target on TE Connectivity from $280.00 to $283.00 and gave the stock a “buy” rating in a research report on Wednesday, January 14th. Wall Street Zen raised TE Connectivity from a “buy” rating to a “strong-buy” rating in a research note on Sunday, January 11th. Finally, Barclays lifted their target price on shares of TE Connectivity from $297.00 to $302.00 and gave the stock an “overweight” rating in a research note on Friday, January 23rd. One research analyst has rated the stock with a Strong Buy rating, twelve have assigned a Buy rating and four have given a Hold rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $251.93.
Read Our Latest Research Report on TEL
TE Connectivity Company Profile
TE Connectivity (NYSE: TEL) is a global industrial technology company that designs and manufactures connectivity and sensor solutions used to enable the flow of power and data in a wide range of applications. Its product portfolio includes electrical connectors, cable and wire harness assemblies, sensors, relays and switches, fiber-optic and coaxial interconnects, and other passive and active components that provide mechanical and electrical connections in complex systems.
The company’s products and engineered solutions serve diverse end markets such as automotive and transportation, industrial equipment, data communications and networks, aerospace and defense, medical devices, and energy.
Featured Articles
- Five stocks we like better than TE Connectivity
- The gold chart Wall Street is terrified of…
- America’s 1776 happening again
- What a Former CIA Agent Knows About the Coming Collapse
- Elon Musk already made me a “wealthy man”
- Buffett, Gates and Bezos Quietly Dumping Stocks—Here’s Why
Want to see what other hedge funds are holding TEL? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for TE Connectivity Ltd. (NYSE:TEL – Free Report).
Receive News & Ratings for TE Connectivity Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for TE Connectivity and related companies with MarketBeat.com's FREE daily email newsletter.
